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Apr 16, 2012
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if we look back to history, ronald reagan's tax reform act of 1986, if we took that type of approach to go about tax reform, how would that comport with the pledge that atr has and what, if any, comments or thought do you have about that? >> sure. the tax reform act of '86 was revenue neutral approximately reagan insisted that it was. he was negotiating with a democrat house of representatives and a prereagan reap senate. the real danger is no 86, which had many good part, as well as some problematic parts to it. in '82 the government said we'll cut spending $3 for every $1 in tax increase. the $1 was real and we're still paying it and the $3 in spending restraint never happened. in fact, spending went up $2. and they offered $2 of phony spend reeg ducks for every $ $1 of real tax increase. we're still paying those tax increases. the spending cuts never happened. spending went up, not down, after that deal. so when the democrats offer you spending cuts for tax increases, we know from history that tax increases are real. the spending cut are not only smaller than you'd like, they don'
if we look back to history, ronald reagan's tax reform act of 1986, if we took that type of approach to go about tax reform, how would that comport with the pledge that atr has and what, if any, comments or thought do you have about that? >> sure. the tax reform act of '86 was revenue neutral approximately reagan insisted that it was. he was negotiating with a democrat house of representatives and a prereagan reap senate. the real danger is no 86, which had many good part, as well as some...
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. >> the record shows that this is a feeble recovery, compared that to ronald reagan in the 1980s, higher unemployment than in this downturn and when the tax cuts kicked in and the inflation was fought the economy read a roaring comeback. that is history. >> it was not as steep a downturn as we have now. >> romney wants to cut tax rates across the board as ronald reagan did in the early '80s and john kennedy in the 1960s. he wants to stop the binge spending and repeal obama care so patients can control health care instead of unaccountable, unelected bureaucrats. >> you don't have to take my word for t even independent analysts say mitt romney's plan by cutting taxes aggressively for the wealthy will necessarily raise taxes for the middle class families on average $2,000 a year. >> you take the guy's proposal, ignore it and put stuff in he didn't put in at all. i could say president obama's proposing 100% tax increase. did he do it, no, but he must do it. >> this is independent analysis. >> not what your analysts put in it, 20% across the board tax cut, that's good, reagan tried it, kenned
. >> the record shows that this is a feeble recovery, compared that to ronald reagan in the 1980s, higher unemployment than in this downturn and when the tax cuts kicked in and the inflation was fought the economy read a roaring comeback. that is history. >> it was not as steep a downturn as we have now. >> romney wants to cut tax rates across the board as ronald reagan did in the early '80s and john kennedy in the 1960s. he wants to stop the binge spending and repeal obama...
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Sep 14, 2012
09/12
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ronald reagan in office two hours, and hostages released. don't do it, don't do it, don't do it, and they saha, ha, ha. what's he going to do? if they see romney, i think there will be a difference different response. my experience with islamic terrorists, which dates back to 1972. when we become complacent, we appease, they attack more. like in the '90s, attack on the world trade center in '93, didn't do anything, the guy that was going to bomb the subway. morsi wants him released. i am outraged. this man wanted to bomb my city, and the head of egypt wants him released, and we're giving them $2 billion a year. are we out of our minds? >> we had john mccain on the show yesterday, talked about the funding that's there. he believes in still having some of the funding there and still having american presence there. do you agree with that? >> well, i would put it in jeopardy right now until they show eed us they can act like a decent government. morsi's comments are frightening. is he a terrorist. he comes out of the muslim brotherhood. until a
ronald reagan in office two hours, and hostages released. don't do it, don't do it, don't do it, and they saha, ha, ha. what's he going to do? if they see romney, i think there will be a difference different response. my experience with islamic terrorists, which dates back to 1972. when we become complacent, we appease, they attack more. like in the '90s, attack on the world trade center in '93, didn't do anything, the guy that was going to bomb the subway. morsi wants him released. i am...
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Oct 3, 2012
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ronald reagan's highest unemployment was 10.1%. when he ran for re-election was 7.1%. >> what was it when he started? >> what? >> what was the unemployment rate when obama started? 7.9. it's at 8.1. >> we call that the bush unemployment number. >> i know you do. i don't think americans have a short-term memory lapse. that's the problem with romney. not to mention romney is the gift that keeps on going. he keeps saying stupid things like 47%. if romney doesn't do himself any damage, he wins the debate. >> does he have to give specifics though? he's now been painted as this person who is going to be taxing the middle class to pay for wealthy people's tax cuts. does he have to get specific? >> i think lara will ask that. >> he's got to do well. he's got to show well in this. i don't think ratcheting up expectation is good. i think what you want to do if you're getting ready for the debate is ratchet down expectation. i think he'll do fine. he needs to have a knockout. it doesn't need to be a decision. it needs to be a ko. >> how much
ronald reagan's highest unemployment was 10.1%. when he ran for re-election was 7.1%. >> what was it when he started? >> what? >> what was the unemployment rate when obama started? 7.9. it's at 8.1. >> we call that the bush unemployment number. >> i know you do. i don't think americans have a short-term memory lapse. that's the problem with romney. not to mention romney is the gift that keeps on going. he keeps saying stupid things like 47%. if romney doesn't do...
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Feb 1, 2012
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at the same time, he needs to remember the 11th commandment of ronald reagan. which is thou shall not speak ill of another republican. that sounds very quaint these days. but you know, after $20 million of negative ads in florida, and it proves that negative ads do work, but people starting to say -- enough. where's the bold vision? where's the positive. that can carry us to victory in november. those are the twin opportunities that he has. >> you know, ken, it seemed to me that he actually gained some momentum when he did go on the attack after gingrich in the last debate. after south carolina. >> well, i think -- >> some people who said they didn't think he could be a fighter to that point. >> becky, i think he did -- you know, make sure that everybody understands, that he has passion. that he is a fighter. that he can take the fight, not only to newt gingrich. but more fundamentally, to barack obama. that enhanced him. and yet the conservative wing of the republican party still is not sure that he's the right person. >> you know, ken, you know that, nice guy
at the same time, he needs to remember the 11th commandment of ronald reagan. which is thou shall not speak ill of another republican. that sounds very quaint these days. but you know, after $20 million of negative ads in florida, and it proves that negative ads do work, but people starting to say -- enough. where's the bold vision? where's the positive. that can carry us to victory in november. those are the twin opportunities that he has. >> you know, ken, it seemed to me that he...
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Nov 1, 2012
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let's go back to the old ronald reagan with the soviet union. you're not sure if there's a bear in the woods, but doesn't it make sense to take out some insurance in case there is? >> it makes sense we want clean air and clean water but to devote the whole united nations and to try to stop growth in china and india, to try to really do something that's going to be impossible to do, it's a hard thing, i mean -- >> let me say something i don't think you've spent as much time studying this in china as some other people have. >> yes. >> and i talked to them yesterday to find out what china was doing about climate change, what i prefer to call extreme weather and they're taking it extremely seriously. >> what about carbon emissions release? >> they are. no listen for a sec. maybe i can tell you something you don't know. >> okay. >> that's this, china has got i think 30% of its population is going to be in either cities or provinces where they're talking about energy intensity, and energy intensity is just another way of saying how much energy do you
let's go back to the old ronald reagan with the soviet union. you're not sure if there's a bear in the woods, but doesn't it make sense to take out some insurance in case there is? >> it makes sense we want clean air and clean water but to devote the whole united nations and to try to stop growth in china and india, to try to really do something that's going to be impossible to do, it's a hard thing, i mean -- >> let me say something i don't think you've spent as much time studying...
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Oct 19, 2012
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i ran a political office in the white house for ronald reagan. he compromised everything, often considered until obama the most ideological president of our lifetime, he compromised on everything because he had to. he had a democratic congress. it would have been much better two years ago if we had had this debate with two years to work through the details but we didn't and that's why i said earlier it can't happen in a lame duck session but we better lay the ground work that we're not kicking the can forever but that in the next few months of 2013 we have to deal with this seriously. spending as well as taxing. >> but most of the people that we've talked to even someone like dave cote of honeywell who was here along with former senator sam nunn they said the way they see it happening is the congress in the lame duck session or just ever agrees to a simpson-bowles type of sequestration six months from now if they don't reach a better compromise between now and then. simpson and bowles will say you can't raise taxes now. you have to push that a co
i ran a political office in the white house for ronald reagan. he compromised everything, often considered until obama the most ideological president of our lifetime, he compromised on everything because he had to. he had a democratic congress. it would have been much better two years ago if we had had this debate with two years to work through the details but we didn't and that's why i said earlier it can't happen in a lame duck session but we better lay the ground work that we're not kicking...
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Jul 24, 2012
07/12
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ronald reagan fell for it, we'll spend today and cut later. never has worked. that promise has never been delivered. we need pro-growth policies and spending cuts right now. the taxes, why would you give any of these people more tax money? we live in a society where they're banning people paying anything back. oh, students don't need to pay back, mortgage holders don't have to pay back. i don't want to pay and neither do many people down here, we've said it before and who is the government to say that i have to share a sacrifice for people that signed a dotted line and now regret it or parents, you know, some of us parents saved for our kids so the ones who took out are forgiven? >> in terms of saving and being cautious and in terms of not violating the things but that doesn't mean i don't want to see our fiscal deficits taken care of. >> i don't think anything we're talking about to be done in this administration does anything in regard to take care of it! you keep talking about band-aids and duct tape in europe. it's the same here! >> what about simpson-bowle
ronald reagan fell for it, we'll spend today and cut later. never has worked. that promise has never been delivered. we need pro-growth policies and spending cuts right now. the taxes, why would you give any of these people more tax money? we live in a society where they're banning people paying anything back. oh, students don't need to pay back, mortgage holders don't have to pay back. i don't want to pay and neither do many people down here, we've said it before and who is the government to...
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Mar 1, 2012
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. >> i hate when republicans continually look backward and bring up ronald reagan, but he was running on a vision and he had a tough campaign. he had a bitter battle. you don't remember him trashing his opponent. you remember his vision. >> but the party itself went through some, you know, with the attacking george h.w. bush. >> you're always going to have attacks and give and take. >> once it's settled everybody comes together. >> i that i that will be the case. >> there was a "usa today" poll i mentioned it a few times, 60% of republicans say they're not concerned about the spectacle and that when push comes to shove it will be -- >> joe that's not the point. the republicans will rally behind our candidate, all of us, we understand the desperate need to replace obama with someone who has the right vision for the future of america but to win the election you need to get the lion's share of the independent vote. you need to get some of the conservative democrats to vote for you and that's my concern, is that they are dissatisfied with obama, they are disaffected -- supporters who vote
. >> i hate when republicans continually look backward and bring up ronald reagan, but he was running on a vision and he had a tough campaign. he had a bitter battle. you don't remember him trashing his opponent. you remember his vision. >> but the party itself went through some, you know, with the attacking george h.w. bush. >> you're always going to have attacks and give and take. >> once it's settled everybody comes together. >> i that i that will be the case....
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Nov 19, 2012
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ronald reagan ran as a pro-life candidate. but, again, he defined a certain agenda. he set what is positive things on out there. if you don't, the other side will do it for you. so they got away with war on women and the idea that gm was a choice between liquidation and reorganization xhrks is wasn reorganization, which is wasn't. romney had a good plan that would have saved tax players $30 billion. >> so you don't think the platform of the party will be fundamentally a different platform? >> you don't have to change the fundamentals of your principle. of you have to learn to get the message out there. for example, when romney announced paul ryan, you notice the background, all white. why? that's just stupid if you're trying to reach out to voters. same thing at the convention -- >> you blame it solely on on the candidate himself not -- >> and the party. the candidate and the campaign and some of our senatorial candidates got it better which is why they faired fairly well. but you have to have the positive optimistic reaganesque message, sound money, lower tax rate,
ronald reagan ran as a pro-life candidate. but, again, he defined a certain agenda. he set what is positive things on out there. if you don't, the other side will do it for you. so they got away with war on women and the idea that gm was a choice between liquidation and reorganization xhrks is wasn reorganization, which is wasn't. romney had a good plan that would have saved tax players $30 billion. >> so you don't think the platform of the party will be fundamentally a different...
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Sep 13, 2012
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. >> ronald reagan did it best as i recall back in 2000. it's got to be part of the discussion. one of the debates is going to be devoted to foreign policy. i would hope that mitt romney could give a comprehensive foreign policy speech. >> this administration believes -- doesn't believe in exceptionalism in my view. that accounts for a lot of the things you do which i certainly have disapproved of. >> senator, thanks for your time today. i appreciate it. thanks for coming on. >> thanks for having me. >> when we come back, we'll have more from our guest host, former morgan stanley chairman and ceo phil purcell. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male annou
. >> ronald reagan did it best as i recall back in 2000. it's got to be part of the discussion. one of the debates is going to be devoted to foreign policy. i would hope that mitt romney could give a comprehensive foreign policy speech. >> this administration believes -- doesn't believe in exceptionalism in my view. that accounts for a lot of the things you do which i certainly have disapproved of. >> senator, thanks for your time today. i appreciate it. thanks for coming on....
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Oct 23, 2012
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. >> ronald reagan went into the '80s debate saying people think he was going to start to war. romney got bruised so badly in the libya debate they decided to back off. >> is this a loss or a tie or nothing? we were talking to harwood this idea maybe this particular debate doesn't change the game. >> i didn't think the first debate actually changed the game. i think it narrowed the -- >> oh, hold on, hold on. even i will disagree with that. the first debate -- look at the polls. >> no, but structurally in the battleground states the president still has an advantage. i don't think this debate changed the game but i think it left people with the sense this guy might be a little out of his depth on foreign policy. >> bob, do you think it's untoward or at least not good that the democrats and the media were more jaut raged by romney's initial statements about libya, shown more outrage than about not having security there, and not getting the true story for two weeks? it seems a little weird that is the bigger issue. >> nobody was concealing the true story as "the new york times" la
. >> ronald reagan went into the '80s debate saying people think he was going to start to war. romney got bruised so badly in the libya debate they decided to back off. >> is this a loss or a tie or nothing? we were talking to harwood this idea maybe this particular debate doesn't change the game. >> i didn't think the first debate actually changed the game. i think it narrowed the -- >> oh, hold on, hold on. even i will disagree with that. the first debate -- look at...
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Aug 27, 2012
08/12
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. >> the debate was critical in that race, because ronald reagan, who jimmy carter had been painting as an amiable extremist, came across as kind of reasonable in the debate, and that caused a tip of so many undecided voters to reagan that he ended up winning. he won 44 states in that election, that is a model that mitt romney would love to emulate, but we'll see. you know, the model that president obama may hope to emulate as president bush in 2004 who john kerry was with him all the way to the end but bush had enough states to barely tip over ohio in the end, enough strength to tip over ohio and therefore the electoral college. >> it's ohio again. >> john, the "new york post" today i'm not sure if you've seen this, the headline they've got the secret reason that chris christie decided not to put his name in, that he thinks romney might lose. what's the buzz there? have you heard anything about this and it's awkward to have a story like this out there when chris christie is the one who is kicking off at the keynote speech at the convention. >> look, i don't think it's any secret to
. >> the debate was critical in that race, because ronald reagan, who jimmy carter had been painting as an amiable extremist, came across as kind of reasonable in the debate, and that caused a tip of so many undecided voters to reagan that he ended up winning. he won 44 states in that election, that is a model that mitt romney would love to emulate, but we'll see. you know, the model that president obama may hope to emulate as president bush in 2004 who john kerry was with him all the way...
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Mar 28, 2012
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ronald reagan asked this, are you better off than you were four years ago. we asked the question too. i want to show you some data. back in 1992, there we go, 37% of the public said they were better off. what happened that year? president bush lost his re-election bid. 2000, 63% -- we can debate what happened in 2000. 2004, 42%. the president was re-elected. take a look here. 2008, just 34% answered yes and essentially the republicans lost the 2008 election. where is president obama now? jack welch was very interested. take a look. just 28%. now some people have pointed out well the financial crisis started four years ago before the president came in and so the question is how much is he to blame for all that's going on? we'll get rid of that and come back and take a look. who is to blame. survey of all adults 17% blame him for the recession that's up from when we asked this question back in 2010. unemployment about even. you know he's had some improvement and that improvement in the unemployment rate has shine in the national numbers. take a look at the def
ronald reagan asked this, are you better off than you were four years ago. we asked the question too. i want to show you some data. back in 1992, there we go, 37% of the public said they were better off. what happened that year? president bush lost his re-election bid. 2000, 63% -- we can debate what happened in 2000. 2004, 42%. the president was re-elected. take a look here. 2008, just 34% answered yes and essentially the republicans lost the 2008 election. where is president obama now? jack...
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Mar 6, 2012
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>> but lately -- >> ronald reagan would say, but i wasn't there. >> but lately, that extra day, we try to make the most of it. obviously, this is cnbc, the futures are down, but you can't ignore super tuesday when the economy is front and certain. >> because it's uncertainty. >> it is uncertainty that the market doesn't like. >> but it seems that this is the end of the beginning but it's the beginning of the end for the republican primary field and romney is getting the nomination and then things will start solidifying and unifying around romney and obama being the strong president that he is will unify the republican party that much more. the whole question, as charlie said, was can romney pivot to reassure the strong conservatives but in the same time start becoming more acceptable to the independents when the race is decided. that's the big question. >> i mean, you could look in hindsight and that say there was a method to some of the madness, being a little hesitant to embrace the far right because he knew a general election was coming and he was willing to take some knocks and not
>> but lately -- >> ronald reagan would say, but i wasn't there. >> but lately, that extra day, we try to make the most of it. obviously, this is cnbc, the futures are down, but you can't ignore super tuesday when the economy is front and certain. >> because it's uncertainty. >> it is uncertainty that the market doesn't like. >> but it seems that this is the end of the beginning but it's the beginning of the end for the republican primary field and romney is...
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Nov 14, 2012
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. >> but in the '80s when you could elect someone like ronald reagan, i'm not sure you can do that again. some of those policies were probably responsible for what happened in the '80s. those aren't going to happen this time. >> no, in the '90s, you mean. >> no, in the '80s. if jimmy carter had been reelected i'm not sure we would've had a great period in the 1980s. i'm not sure it's our birthright to have another great -- >> well, that was the whole thing. >> mike's not going anywhere. we're going to continue our conversation with him. up next, though, stocks you need to have in your portfolio for 2013 regardless of whether the economy spirals off the fiscal cliff. that means growth companies with lots of cash to buy back stock. the details on that next. but first, take a look at shares of abercrombie today. earnings sharply better than the street forecast. a & f raising guidance, stock trading higher on that news. and michael jeffries, the ceo of that company, got that airplane. what's the song they play on the airplane? it says "take me home"? take a look at futures this morning, s&p
. >> but in the '80s when you could elect someone like ronald reagan, i'm not sure you can do that again. some of those policies were probably responsible for what happened in the '80s. those aren't going to happen this time. >> no, in the '90s, you mean. >> no, in the '80s. if jimmy carter had been reelected i'm not sure we would've had a great period in the 1980s. i'm not sure it's our birthright to have another great -- >> well, that was the whole thing. >>...
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Apr 5, 2012
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in the 80s ronald reagan decided to compromise. there's all kinds of deals you can do. are the side going to get together enough to compromise? >> no. >> this is going to happen either way. you don't have to do anything for the bush tax cuts. >> if you don't do anything, they go away. this forces them to act. >> in a perfect world you would like a 4%, 5% gdp to take care of our deficit. >> of course. >> we have to figure out how to get there. >> we've had six big debt surges in the united states. independence war of 1812, civil war, world war i, world war ii. >> that's five. >> the sixth one is the latest one. >> 1812, that was a real doozy. >> 1812 is a disaster. that's when the british trashed washington, burned officials buildings, destroyed the navy. we had no revenue. the war hawks didn't want revenue, they wanted an aggressive foreign policy and no revenue. not a good way to do things. >> the point being revenue would solve our problems. >> you absolutely need growth. it's an economy that has a dynamism about it but you need revenue to come off that growth. if you
in the 80s ronald reagan decided to compromise. there's all kinds of deals you can do. are the side going to get together enough to compromise? >> no. >> this is going to happen either way. you don't have to do anything for the bush tax cuts. >> if you don't do anything, they go away. this forces them to act. >> in a perfect world you would like a 4%, 5% gdp to take care of our deficit. >> of course. >> we have to figure out how to get there. >> we've...
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Apr 18, 2012
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the way it worked back with tip o'neill and ronald reagan is very simple. every deal is basically unfair. you usually favor the party that just won the the election. that way the elections matter. you respect each other's offices and you respect each other's parties and most of all you respect the electorate. after 2012 the deal should have been a 10-1 deal or 8-1 deal. they almost had that deal. we can blame it on the jockeying back and forth. they should have had an 8-1 deal that favored the conservatives. for example going back to when i was working in politics after the '82 the election it should have favored the democrats and it did on the social securitys is deal. so the great thing about reagan and tip o'neill they both were partisans but they realized there were the elections and they mattered. the party that won the the election should have gotten the deal. 60-40 is my way. whoever win, whichever party wins should get' 60-40 favor. the other side should give. >> that's an argument against term limits. too many people in washington don't understand
the way it worked back with tip o'neill and ronald reagan is very simple. every deal is basically unfair. you usually favor the party that just won the the election. that way the elections matter. you respect each other's offices and you respect each other's parties and most of all you respect the electorate. after 2012 the deal should have been a 10-1 deal or 8-1 deal. they almost had that deal. we can blame it on the jockeying back and forth. they should have had an 8-1 deal that favored the...
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Dec 4, 2012
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that's what we were enjoying is what ronald reagan helped create and bill clinton got to -- >> we can disagree about that. >> -- bill clinton got to ride the wave. >> i think the internet had something to do it. >> we spoke with brian moynihan yesterday and he has a lot of big business clients that are clients of the bank, and he said what's been happening is the piecemeal government where we kind of push things down the road, we make short-term agreements on thing, that's had a huge impact on the uncertainty of small businesses in particular. >> i agree. >> he said at this point it's too late to change anything for 2013, but if we continue to get some sort of a short-term deal that pushes things into 2013, we are talking about hiring plans and spending plans for 2014 that are at a risk. >> that's part of my argument for going over the cliff and getting this done now. getting the uncertainty out of this. everybody will know what the tax rates are. they'll know how much defense spending will be, they'll know what the human services cuts are. we've got certainty. >> yeah. >> my fear is
that's what we were enjoying is what ronald reagan helped create and bill clinton got to -- >> we can disagree about that. >> -- bill clinton got to ride the wave. >> i think the internet had something to do it. >> we spoke with brian moynihan yesterday and he has a lot of big business clients that are clients of the bank, and he said what's been happening is the piecemeal government where we kind of push things down the road, we make short-term agreements on thing,...
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Sep 19, 2012
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track, wrong track and whether we ever get our mojo back and you in the '80s -- >> i was there when ronald reagan -- >> exactly, exactly. >> same time. >> and whenever we ask anyone is it still morning in america, best days still ahead, i always say yes, and of course, and everybody says that, but with globalization and china and the way that the country seems to be moving, i don't know. i need to be convinced once in a while that the best days still are ahead. you? >> who's innovating? who's coming up with all the new stuff? we are. you don't see innovation coming this way very b often. innovation's coming from here, we need more of it, need better education. we need a more supportive government. we need a lot of these things. >> can it happen again? >> yeah, if we get the right administration. >> if president obama was reelected, would it delay by four years getting back on track in your view? >> in my view, it would. >> simple yes, it would. >> absolutely would. >> would we be too far past the point of no return in four years if obama care will be law, a lot of the regulations will be -
track, wrong track and whether we ever get our mojo back and you in the '80s -- >> i was there when ronald reagan -- >> exactly, exactly. >> same time. >> and whenever we ask anyone is it still morning in america, best days still ahead, i always say yes, and of course, and everybody says that, but with globalization and china and the way that the country seems to be moving, i don't know. i need to be convinced once in a while that the best days still are ahead. you?...
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Sep 18, 2012
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how about ronald reagan get reelected? >> i don't know. i don't think it can happen again. >> oh, come on. there are many things appealing about the conservative argument. >> you saw back there, we were at like 25% were paying for income ax tax. we're up at 50%. we got to go. before we go, we must note again that the video was recorded say run tissuesly and provided to the liberal magazine mother jones and also it was apparently james carter, the grandson of jimmy carter was -- he helped find it. this was romney's response last night. >> well, you know, it's not eloquently stated, let me put this way. i'm speak ofg the cuff it in response to a question and i'm sure could i state it more clearly and in a more effective way than i did in a setting like that. >> coming up, from politics to the market, we'll ask if the bulls can put a case of the mondays behind them. and restart this september rally today. ♪ [ male announcer ] introducing a stunning work of technology. introducing the entirely new lexus es. and the first-ever es hybrid. this
how about ronald reagan get reelected? >> i don't know. i don't think it can happen again. >> oh, come on. there are many things appealing about the conservative argument. >> you saw back there, we were at like 25% were paying for income ax tax. we're up at 50%. we got to go. before we go, we must note again that the video was recorded say run tissuesly and provided to the liberal magazine mother jones and also it was apparently james carter, the grandson of jimmy carter was...
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Mar 19, 2012
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ronald reagan is a great example on the republican side. they came into this thing, think think they were both much better presidents because they had been governors. >> sir, what would you like to see tomorrow in paul ryan's budget proposal? >> i'm sorry, i didn't hear what you said? >> what would you like to see in paul ryan's budget proposal? >> paul ryan has taken the lead on putting proposals that make the hard decisions. he's talked about the requirement for entitlement reform. he got a lot of grief from both santorum and gingrich over that, but i think it's what this country needs. he's talking about cutting spending and he's talking about putting a path out there that requires hard decisions for reducing the size of government. and i applaud paul ryan for what he's done and i thank paul ryan for having endorsed governor romney's package when governor romney put it out. he said it was kind of thing that this country needs. and i think the tandem you need to solve the crisis that president obama is leaving the country in is a presiden
ronald reagan is a great example on the republican side. they came into this thing, think think they were both much better presidents because they had been governors. >> sir, what would you like to see tomorrow in paul ryan's budget proposal? >> i'm sorry, i didn't hear what you said? >> what would you like to see in paul ryan's budget proposal? >> paul ryan has taken the lead on putting proposals that make the hard decisions. he's talked about the requirement for...
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Feb 23, 2012
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there is a time when the train is gone down the tracks. >> i believe ronald reagan was at 7.2 in 1984. >> it was going the right way. >> we can always make health care. there aren't many data points. >> thank you, rick. steve stays with us and he has a special guest. >> a terrific person to ask is all of these questions to. joining us now from the great state of texas, dallas fed president richard fisher. we are delighted to have president fisher with us. good morning. >> good morning. i'm glad you visited the state and you now understand it is a great state. thanks for the plug. >> i'm sorry i couldn't be down there this time. i owe you a trip to texas. you are kind to join us on a remote camera. are you one of the people who believes in the trend that's been happening in the jobs market here, the lower unemployment rate and the lower claims numbers? >> first, steve, we were reading through old green books. you know the internal forecasting books of the fed. just to show you how much fun we have in what i do for a living last night. december, 1996 green book had a disclaimer to the f
there is a time when the train is gone down the tracks. >> i believe ronald reagan was at 7.2 in 1984. >> it was going the right way. >> we can always make health care. there aren't many data points. >> thank you, rick. steve stays with us and he has a special guest. >> a terrific person to ask is all of these questions to. joining us now from the great state of texas, dallas fed president richard fisher. we are delighted to have president fisher with us. good...
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. >> ronald reagan, right? >> the delta shuttle at -- >> he has a bagel, one of these things with a hot dog in itnd then jalapenos lining the top. i almost grabbed that one but i didn't. >> coming up a big happy birthday to america. what a great little memorial in the wall street journal about july 4th and about 1776. you know, we had the highest per capita income, the biggest middle class and the lowest taxes in the world in 1776. >> coincidence? >> no. >> anyway, that means -- >> members of the british empire. >> not for long my friend. >> we were then. maybe we should go back. >> we want it to stay that way. >> you know what, you might not know being a russ ki. >> lots of them around the country. we'll find out what it takes to light up the sky on the fourth of july and more fireworks with the donald at 7:30 eastern. we'll be right back. what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on
. >> ronald reagan, right? >> the delta shuttle at -- >> he has a bagel, one of these things with a hot dog in itnd then jalapenos lining the top. i almost grabbed that one but i didn't. >> coming up a big happy birthday to america. what a great little memorial in the wall street journal about july 4th and about 1776. you know, we had the highest per capita income, the biggest middle class and the lowest taxes in the world in 1776. >> coincidence? >> no....
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Dec 5, 2012
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reagan quotes? >> you know, in the final analysis, reagan did have tax reform that was very positive for the economy. >> i agree. you know, but you picked the democrat. anyway, it's nice you were able to be here. and you were only allowed to stay until 7:00 because you have to work. >> i have a job. >> you do. >> thanks, greg. >>> when we come back, money on the move with still no deal on the fiscal cliff. >>> plus -- location, location, location. billionaire steven ross talks to "squawk" about breaking ground on some prime real estate in new york city. "squawk box" is coming right back. it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpe
reagan quotes? >> you know, in the final analysis, reagan did have tax reform that was very positive for the economy. >> i agree. you know, but you picked the democrat. anyway, it's nice you were able to be here. and you were only allowed to stay until 7:00 because you have to work. >> i have a job. >> you do. >> thanks, greg. >>> when we come back, money on the move with still no deal on the fiscal cliff. >>> plus -- location, location, location....
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Dec 20, 2012
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reagan did sharp alternatives to what the president was proposing. so they got to define it. >> maybe we need to -- >> but does anyone really here think that it's going to help the economy -- >> no. >> -- taxes. >> maybe we need to see, once again, be reminded of what happens when certain wrong-minded policies are actually put into -- and we end up where we were in 1980. >> what it is the republican party, bob novak, great bob novak, great political journalist, said god put the republican party on earth to cut taxes. if they don't do that, then they cease to have a useful function. if the republican party can't have a pro-growth agenda and learn to get -- learn to put it forth in a way that -- >> boehner already gone too far in your view? he's already gone too far with what he's offered? >> since he hasn't put anything positive on the table he's stuck with what he has today, and what's going to rescue the republicans on this is the president refuses to accept their surrender. it's like, you know, on the missouri after world war ii. >> a lot of people
reagan did sharp alternatives to what the president was proposing. so they got to define it. >> maybe we need to -- >> but does anyone really here think that it's going to help the economy -- >> no. >> -- taxes. >> maybe we need to see, once again, be reminded of what happens when certain wrong-minded policies are actually put into -- and we end up where we were in 1980. >> what it is the republican party, bob novak, great bob novak, great political...
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Nov 6, 2012
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ronald reagan faced 7.4% unemployment rate but a big decline in the 12 months before, he won by 18 percentage points and also had strong growth going into it, about 7% of real gdp, average growth in the prior four quarters and george bush a slight uptick, lost by six percentage points. this is what it's all about, 18 months of campaigning, several billion dollars all just to fill in the three question marks here. president obama, a one percentage point decline in the unemployment rate leading up. what does the data show how the unemployment are going to vote? did challenger mitt romney succeed in making this an election about job creation? here's from the nbc "wall street journal" poll, 48-47 is where we are in terms of likely voters and their choices with a slight lead within the margin of error for obama. how about the people who are unemployed. we asked in the nbc/"wall street journal" poll for cnbc, have you been unemployed or somebody in your household been unemployed in the last four years? no change at all. almost the same exact look as the electorate in general. if somebody in your ho
ronald reagan faced 7.4% unemployment rate but a big decline in the 12 months before, he won by 18 percentage points and also had strong growth going into it, about 7% of real gdp, average growth in the prior four quarters and george bush a slight uptick, lost by six percentage points. this is what it's all about, 18 months of campaigning, several billion dollars all just to fill in the three question marks here. president obama, a one percentage point decline in the unemployment rate leading...
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democrats voted for ronald reagan. i'm just wondering about whether the aspiration is enough to put a candidate over the top at this point? >> i think the reality of our economic station, with 23 million people unemployed, 47 million people on food stamps, i think the american people are going to wake up and say, you know, president obama came in with great promise. he's a heck of a nice guy. but nice guys don't always get the job done. and he's not getting the job done. >> all right. we'll see. we hope to see you again. i don't know if we'll see you before november 6th, but thanks for coming in today. >> thanks for having us. thank you. >> and good luck with, you know, you doing all the prenatal stuff as a surrogate that you need to do? >> absolutely. >> very good. any vitamins? what else, becky? >> vitamins is the big thing. the diet. >> "boardwalk empire." pasturized milk. >>> we've got to run. make sure you join us tomorrow. "squawk on the street" starts right now. ♪ hey give me everything tonight ♪ ♪ give me
democrats voted for ronald reagan. i'm just wondering about whether the aspiration is enough to put a candidate over the top at this point? >> i think the reality of our economic station, with 23 million people unemployed, 47 million people on food stamps, i think the american people are going to wake up and say, you know, president obama came in with great promise. he's a heck of a nice guy. but nice guys don't always get the job done. and he's not getting the job done. >> all...
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bush and ronald reagan did councils. it's a ruse. councils don't matter. >> simpson-bowles? >> that might be where we agree. the jobs council is completely irrelevant. >> i hope not when you consider the economy is the issue and unemployment is at 8.2% consistently. wouldn't you try to fix it if you're the president? >> wait, is anyone at this table suggesting that barack obama is not trying to fix the economy? thank you. >> well there was a time when early on when during the health care debate where the jobs picture wasn't great and there was a time i was wondering does he not know it's in his best interests to get this jobs number in a much better position. >> 8.8 million jobs were lost in the recession, that's a fact of life, 4.4 million have been created, since the recession ended. i'm sorry, folks, if he's created or under his watch, half of the jobs have come back. >> meaningless number. debris with you. people don't feel jobs have been created, they don't feel jobs have been created. we it talk numbers and i can tell you all the numbers you want to know because i know
bush and ronald reagan did councils. it's a ruse. councils don't matter. >> simpson-bowles? >> that might be where we agree. the jobs council is completely irrelevant. >> i hope not when you consider the economy is the issue and unemployment is at 8.2% consistently. wouldn't you try to fix it if you're the president? >> wait, is anyone at this table suggesting that barack obama is not trying to fix the economy? thank you. >> well there was a time when early on when...
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at 8:00 eastern time, former ronald reagan chief of staff ken duberstein and his reaction to last night's debate and 8:00 p.m. starbucks ceo howard schultz on the best way to spur business and create jobs. >>> europe up 60 points or so, yesterday we closed just under 13,500, our top story as you can imagine, the first presidential debate and investor reaction. president obama and republican nominee mitt romney sparring for more than an hour, an hour and a half, over the economy, tax cuts, health indication, education, and the future of big bird. huge jump on that, so hard. >> he's a huge fan of "sesame street." >> i think there's points on that, right? >> he did a good job of being affable even though he was telling jim lehrer i'd fire you. >> "sesame street" is a one-way street and only moves toward "sesame street" not toward "squawk box." >> we did meet elmo. >> hugs and kisses! >> nice rebound for mitt romney after last night's performance almost a 50% move. we were down at 22, so it wasn't all just, can you see where the days are, it was up to 34. you didn't watch that last night? >>
at 8:00 eastern time, former ronald reagan chief of staff ken duberstein and his reaction to last night's debate and 8:00 p.m. starbucks ceo howard schultz on the best way to spur business and create jobs. >>> europe up 60 points or so, yesterday we closed just under 13,500, our top story as you can imagine, the first presidential debate and investor reaction. president obama and republican nominee mitt romney sparring for more than an hour, an hour and a half, over the economy, tax...
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reagan, okay. look at clinton, look at what clinton did in eight years. >> he was -- he triangulated. >> he was great for me because he was practical. he knew he had to make peace with the opposition. >> different animal. >> and you think that obama will? >> no, i think we're going to have a worse four years and that's fine. we'll have to suffer through it. but beyond that, look, i'm going to be 83, 81 in '16. i hope i live another 100 years because this country's going to be in great shape and don't sell america short. mr. grasso? >> i think we've hit bottom in the fourth quarter of this current year. i think we bounce back very strong the second half of next year. america proved in the years '76 to '80, it can get along without a president. i don't think it matters who wins the election. i do think that you will see a robust recovery beginning in the second half of next year. and i just -- andrew, i want to end by hoping that everyone out there, you know, takes a moment to reflect on all that we
reagan, okay. look at clinton, look at what clinton did in eight years. >> he was -- he triangulated. >> he was great for me because he was practical. he knew he had to make peace with the opposition. >> different animal. >> and you think that obama will? >> no, i think we're going to have a worse four years and that's fine. we'll have to suffer through it. but beyond that, look, i'm going to be 83, 81 in '16. i hope i live another 100 years because this country's...
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Jan 31, 2012
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from ronald reagan. >> i did. >> that nancy reagan said the torch had been passed to him and, in fact, andrea mitchell and others are saying that's not exactly what he meant. do you know about this? >> reporter: i didn't see that one. >> this whole reagan legacy -- >> this whole reagan legacy, i am -- >> and it's been -- >> reporter: one of the things that newt has tried to say throughout this campaign is that he was at the side of ronald reagan throughout. >> right, right. and then, eamon, drudge has been all over this idea that newt was like a reagan antagonist the entire time. >> a back bencher and he didn't even know him. >> and then said drudge is in the tank for romney and so there is all this stuff. i wish we could have fred. >> drudge unloaded a bomb on newt last week. >> yes. >> reporter: sort of really, really went heavily anti-newt. we do know there are folks on the romney campaign who are very, very close to drudge personally and so the question is, you know, were they waiting and holding that stuff until the last minute? and they saw newt as a threat and they called up ma
from ronald reagan. >> i did. >> that nancy reagan said the torch had been passed to him and, in fact, andrea mitchell and others are saying that's not exactly what he meant. do you know about this? >> reporter: i didn't see that one. >> this whole reagan legacy -- >> this whole reagan legacy, i am -- >> and it's been -- >> reporter: one of the things that newt has tried to say throughout this campaign is that he was at the side of ronald reagan...
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the question is whether paul ryan helps romney to a ronald reagan moment where he gets that magic moment where he can be on stage and say there you go to obama or whether it's like '84, when you saw, you know, the vice president, excuse me, the democratic presidential candidate at that time, walter -- what's his name, walter -- >> i forgot his name, too, pretty forgettable. mondale. >> yeah, walter mondale at that time said, we are going to have to raise taxes. he didn't tell you, i just did, and then they lost 49 states so we'll see if, franklin, the democrats can metascare voters into thinking a vote for romney-ryan say vote to austerity and we could be talking about losing thes house. i don't think it's going to be that way and i think this is a great choice. >> bad move telling the truth, in most cases in politics. if you tell t you don't elected, you go home and don't legislate anything. >> yes. that's the way it works. >> that's kind of where we are. ed keon thank you. you running for, what are you running for? no, you're the strategist. >> i'm just running money. >> you're just ru
the question is whether paul ryan helps romney to a ronald reagan moment where he gets that magic moment where he can be on stage and say there you go to obama or whether it's like '84, when you saw, you know, the vice president, excuse me, the democratic presidential candidate at that time, walter -- what's his name, walter -- >> i forgot his name, too, pretty forgettable. mondale. >> yeah, walter mondale at that time said, we are going to have to raise taxes. he didn't tell you, i...
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my question now is a republican hasn't won this very liberal state since ronald reagan. people are, you know, he's immediately saying this is going to be a big boost for mitt romney's chances in november and also in wisconsin but then immediately that's tempered by what i reed that there are a lot of people that like walker that will vote for president obama. and that it's not a slam dunk. but still, john, there are bigger implications than just public unions in wisconsin for what happened here. >> reporter: well, look. republicans have come close in this case. george w. bush loss to al gore and john kerry by very thin margins so when president obama won by 12 points that was out of the pattern of most recent elections and, you know, the bush/gore race was a race where al gore was competitive with george w. bush and he almost lost it. you certainly have to think romney has a chance. among the people who showed up to vote you had obama within nine percent jack point advantage not as much as we won in 2008 but a significant advantage. having said that this is early in the
my question now is a republican hasn't won this very liberal state since ronald reagan. people are, you know, he's immediately saying this is going to be a big boost for mitt romney's chances in november and also in wisconsin but then immediately that's tempered by what i reed that there are a lot of people that like walker that will vote for president obama. and that it's not a slam dunk. but still, john, there are bigger implications than just public unions in wisconsin for what happened...
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remember, ronald reagan ran on a vague promise of tax reform in 1984. didn't have a plan. the plan came out much later. >> do independent voters who are let's say former obama voters disappointed obama voters? do they look at romney saying you know what? we're going to hold the line and actually the wealthiest are still going to pay the most. does that help his argument? >> yes. >> a lot? >> yes. >> that was one of the signal successes of romney in the first debate was making the case, which people had not heard. it'd been his policy all along. he said from the day he announced in february, he said the rich aren't going to pay any less, it's going to be distributionally neutral. that's why it was so effective for romney. and what the president has to try to do is puncture that and he's saying he's going to do that, but it's not true because it's impossible. and that's the crux of that tax debate. >> i think we've got to get -- i don't think you saw this yet, the a-rod story. you can read that, but thank you, john. >> is a-rod done? >> he's not done. he's just -- he's just
remember, ronald reagan ran on a vague promise of tax reform in 1984. didn't have a plan. the plan came out much later. >> do independent voters who are let's say former obama voters disappointed obama voters? do they look at romney saying you know what? we're going to hold the line and actually the wealthiest are still going to pay the most. does that help his argument? >> yes. >> a lot? >> yes. >> that was one of the signal successes of romney in the first debate...
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if you go back to '81, jon, we only had 191 republicans in the house and ronald reagan governed and what you have to do is build it on trust and confidence. too many people worry about building consensus in washington. i think the job of president is building consensus in america and that's the way washington will follow. sure you need people on the other side of the aisle but if you lay out a bold program, and sell it to the american people, you will find some of those people, the other side of the aisle, who are really to rally behind you and put things together. i think they're awful close a year ago, august. the trouble was, there was no confidence and no leadership coming out of the white house. i think john boehner and several people on the hill, including paul ryan were willing to go the extra step, in order for our system of government to work, you need presidential leadership, willingness of the president to start working with people, not at the end but at the beginning. >> thanks, ken duberstein, appreciate it. >> joe, we'll see you soon, thanks. >>> we do have another big hour
if you go back to '81, jon, we only had 191 republicans in the house and ronald reagan governed and what you have to do is build it on trust and confidence. too many people worry about building consensus in washington. i think the job of president is building consensus in america and that's the way washington will follow. sure you need people on the other side of the aisle but if you lay out a bold program, and sell it to the american people, you will find some of those people, the other side...
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. >> the proposal follows the ronald reagan model of broadening the base of tax without increasing rates. your answer to that? >> you know, the answer is -- >> that's a controversial line. >> why don't we just confiscate everybody's wealth. then we would eliminate the problem. then there would be total fairness. i just, you know, i just don't see that. i mean the answer is, would i like to see us broaden the base? you bet, there are lots and lots of ways in which we can do that. we could eliminate and purify the tax system. we could go to a flat tax. there's a lot of things we can do. there isn't any will to do any of those things. and so, you know, that kind of a statement is, you know, gratuitous, but not relevant. >> but all of these problems that we've seven that have been addressed in the media about corporations paying taxes, about individuals paying taxes, could be addressed with a simplification of the tax code. >> yeah. and acceptance of the fact that the tax code is not social policy. >> yes. >> the tax code is there to raise revenue to pay for our environment and our governmen
. >> the proposal follows the ronald reagan model of broadening the base of tax without increasing rates. your answer to that? >> you know, the answer is -- >> that's a controversial line. >> why don't we just confiscate everybody's wealth. then we would eliminate the problem. then there would be total fairness. i just, you know, i just don't see that. i mean the answer is, would i like to see us broaden the base? you bet, there are lots and lots of ways in which we can...
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and that was ronald reagan approved. >> we need to keep capital gains low. >> what if this was something put off for two or three years. robert reuben has a piece in the journal today, he said we should do this but down the road so the economy has a chance to rebound. >> if the notion is we're going to defer until we see, i could be for that. but here's the other idea. i'm on the business round table and active in this discussion. the notion is that the tax system is just broken. this is southern company's math. but i think this math generally holds true for corporate america but it's way off for certain companies within corporate america and that is i'd be willing to trade every tax benefit we get, you name it, in exchange for a lower corporate income tax rate and that for us would be about 25%. >> what is your effective tax rate now in. >> it's an s curve. during stimulus where they gave immediate write-offs for cap-x, it's low. >> being? >> under 10%. >> but in a normal year when you don't have stimulus, it's up above 33. and then generally the math for the -- >> the business round ta
and that was ronald reagan approved. >> we need to keep capital gains low. >> what if this was something put off for two or three years. robert reuben has a piece in the journal today, he said we should do this but down the road so the economy has a chance to rebound. >> if the notion is we're going to defer until we see, i could be for that. but here's the other idea. i'm on the business round table and active in this discussion. the notion is that the tax system is just...
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of course, the obama team saying ronald reagan never visited israel while in office as well. going after the jewish vote, when the race is as tight as it is, is going to be crucial for the obama campaign. if sheldon addelson can break into that through this effort, that's going to be damaging. any demographic, when it's as tight as it is, is crucial for the ultimate victory in november. >> thanks. >> thanks, guys. >>> coming up, just months after its now infamously botched ipo, facebook will be reporting quarterly earnings for the first time today as a public company. we'll be samping a team of experts to get us ready. that's next. >>> at top of the hour, the newsmaker of the morning, you name him in the financial sector and he's been there and done that. today the man who built citigroup is going to be our guest host starting at 7 a.m. eastern time. >>> tomorrow on "squawk box" -- our guest host will be tim geithner's right-hand man, deputy treasury secretary neil will join us for two hours, and quarterly results from dow components, 3m, exxonmobil. [ male announcer ] it's a
of course, the obama team saying ronald reagan never visited israel while in office as well. going after the jewish vote, when the race is as tight as it is, is going to be crucial for the obama campaign. if sheldon addelson can break into that through this effort, that's going to be damaging. any demographic, when it's as tight as it is, is crucial for the ultimate victory in november. >> thanks. >> thanks, guys. >>> coming up, just months after its now infamously botched...
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Apr 20, 2012
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ronald reagan campaigned on less regulation. that was repeated over and over again in the campaign. that was part of his campaign theme. when he came into office, i think the very first thing he did was to deregulate natural gas, which had caused a lot of problems. then there were a whole sequence of things. he appointed people to regulatory positions that had a mission to deregulate. and that's what happened. and it made, i think it made a big difference. away there were other things, tax policy, spending policy. all those uncertainties hanging over us. >> the stimulus that we had, dodd-frank and obamacare saved us from a worse recession or made the recovery tepid? good or bad? >> net-net? >> net-net. >> i think the main thing that saved us into really sinking badly was the banking system -- >> tarp -- >> it was tarp, which was money out of treasury. >> that was before obama. >> that's right. but the obama administration carried through and continued that. >> right. >> but i think that most of the other things were actually negatives. i agree with you. >> bill, we want to thank you
ronald reagan campaigned on less regulation. that was repeated over and over again in the campaign. that was part of his campaign theme. when he came into office, i think the very first thing he did was to deregulate natural gas, which had caused a lot of problems. then there were a whole sequence of things. he appointed people to regulatory positions that had a mission to deregulate. and that's what happened. and it made, i think it made a big difference. away there were other things, tax...
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Oct 26, 2012
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reagan was president and the economy grew remarkably. i don't see how the responsible thing in a country with trillions of dollars of deficits that can look back to the clinton tax period is not to at least start by making those adju adjustments. then let's absolutely try to get the special interests out of the tax code and let's do as much as we can. >> we've been debating this in terms of what the ceos were saying yesterday in -- >> lower the rates. >> lowering the rates but there would be an effective tax rate would ultimately go up. >> we want to raise tax revenue, just not tax rates. >> we've got to broaden the base as much as we can. i think it's irresponsible to eat dessert before you have your main course and especially before you have your vegetables. that's why i don't think we should be talking about cutting the rates so much until we know what we're actually going to be willing to do in terms of broadening the base. so, the right question to ask those ceos -- >> right. >> -- is everybody supports their objective. on the corpo
reagan was president and the economy grew remarkably. i don't see how the responsible thing in a country with trillions of dollars of deficits that can look back to the clinton tax period is not to at least start by making those adju adjustments. then let's absolutely try to get the special interests out of the tax code and let's do as much as we can. >> we've been debating this in terms of what the ceos were saying yesterday in -- >> lower the rates. >> lowering the rates but...
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we had more people added since ronald reagan added them in june of '83, and we had more government workers than we ever had in 20 years so something's whacky here. i didn't think it was right. let's look what happened in the unemployment -- >> on friday. >> 8.1 to 7.8 and let's think friday. we added 110,000 jobs in september, before the adjustment, recent adjustment. we had 110,000 employees, and what happened to the unemployment? it went down from 8.1 to 7.8. this month we had one point, 171,000 jobs and we go up. so we had 70,000 more jobs and we go up. why? because this thing is filled with assumptions. you go out and you get 2,000 employees in the census department, not in bls. it's farmed out to the commerce department. now when solis came on and said all my employees loyal, they weren't her employees, so i'm not sure she knew that but that was the census. now you look at the results for september and you look at them for october. is jack wrong? 171,000 jobs. 62% of american corporations, s&p, missed their revenue forecast. challenger this month has had more layoff announcements than
we had more people added since ronald reagan added them in june of '83, and we had more government workers than we ever had in 20 years so something's whacky here. i didn't think it was right. let's look what happened in the unemployment -- >> on friday. >> 8.1 to 7.8 and let's think friday. we added 110,000 jobs in september, before the adjustment, recent adjustment. we had 110,000 employees, and what happened to the unemployment? it went down from 8.1 to 7.8. this month we had one...
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Aug 21, 2012
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presidents above that, bill clinton, named richard nixon, named ronald reagan win. presidents bow low that, george h.w. bush, jimmy carter, lose. presidents at 50%, the right number, george w. bush win 58% of the vote. obama is below 50% at 47, 46, dangerous territory for the incumbent. >> stick around, we have more in a minute. "squawk" will be right back. >>> coming up, squawk market master, pimco's mohamed el erian talks markets and 8:30, author thomas friedman is our special guest, "squawk box" returns after a quick break. okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my mother was so wrong about you. next, we get priority boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. this is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with special perks on united. get it and you're in. ♪ ♪ i can do anything ♪ i can do anything today ♪ i can go anywher
presidents above that, bill clinton, named richard nixon, named ronald reagan win. presidents bow low that, george h.w. bush, jimmy carter, lose. presidents at 50%, the right number, george w. bush win 58% of the vote. obama is below 50% at 47, 46, dangerous territory for the incumbent. >> stick around, we have more in a minute. "squawk" will be right back. >>> coming up, squawk market master, pimco's mohamed el erian talks markets and 8:30, author thomas friedman is...
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Feb 9, 2012
02/12
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reagan's famous line, where is the rest of them? what's going on here? >> you've got a republican base which is incredibly fired up and hostile to what obama is doing, wanting to find a place to put their energy behind, and simply not being satisfied. romney is the consensus, the establishment front-runner, but nobody has enthusiasm for him because republican activists don't think he's of him, don't think he shares the same things they feel most passionately about. newt gingrich is somebody who has a claim on the republican base because of the way he led republicans out from the minority in the house of representatives but they also know all the negatives that come with him, all of the baggage, all of the unpredictability and lack of discipline in. in rick santorum they have a guy who can claim authentically he is a full spectrum conservative, social, military, economic. however, rick santorum is not somebody who has the stature when you came into this race that people would say of course, rick santorum, that's somebody who is going
reagan's famous line, where is the rest of them? what's going on here? >> you've got a republican base which is incredibly fired up and hostile to what obama is doing, wanting to find a place to put their energy behind, and simply not being satisfied. romney is the consensus, the establishment front-runner, but nobody has enthusiasm for him because republican activists don't think he's of him, don't think he shares the same things they feel most passionately about. newt gingrich is...
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Jun 12, 2012
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reagan did out of the doldrums of the '70s and if we do that, then we can have a real prosperous future. >> congressman, you said at one point you thought barack obama was the worst president in history, but you stepped back from that a little bit when he agreed with you on the border tunnel prevention act. how would you size up about how you feel about him right now? >> well, i was glad that he signed that into law because there's a lot of border tunnel activity that's going on in arizona and in california and elsewhere. but he continues to pursue policies that is bad for our economy, bad for our future, and he's really taken us in a direction that we shouldn't be going. one of the things that has been really troubling is his pure disdain for congress and the role that it plays, not to mention just in terms of how he goes around the senate with recess appointments when the senate was in recess. so, there's a lot of different things, not just -- there's some things we can agree on, but the vast majority of it, you know, we are on opposite ends of the spectrum because we believe that he'
reagan did out of the doldrums of the '70s and if we do that, then we can have a real prosperous future. >> congressman, you said at one point you thought barack obama was the worst president in history, but you stepped back from that a little bit when he agreed with you on the border tunnel prevention act. how would you size up about how you feel about him right now? >> well, i was glad that he signed that into law because there's a lot of border tunnel activity that's going on in...
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Mar 22, 2012
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reagan who came this with a very optimistic attitude at a time when the country was -- >> now you're channeling joe. we can continue this conversation, but making headlines this morning, and there are a lot of help including a very interesting story about goldman sachs reportedly starting to scan internal e-mails no the term, are you ready for this, muppet. ceo lloyd blankfein has told partners that the financial giant is looking for evidence that the employees referred on clients in deroguer to ways after greg smith resigned in a scathing morning times op-ed smith says he saw five managing directors refer to clients as mupp muppets. >> this is a british term. >> this is not jim henson. >> syeah, wil in britain, muppe derogatory term, as in really dumb or stupid and you can add any other anglo-saxon expletives you want to. but you typically say that guy's a real muppet. >> on this side of the atlantic, it's expletive. i'll be on you all morning. >> the question i have is i'm sure goldman sachs as many companies in america scan e-mail for real expletives, four letter words. there are
reagan who came this with a very optimistic attitude at a time when the country was -- >> now you're channeling joe. we can continue this conversation, but making headlines this morning, and there are a lot of help including a very interesting story about goldman sachs reportedly starting to scan internal e-mails no the term, are you ready for this, muppet. ceo lloyd blankfein has told partners that the financial giant is looking for evidence that the employees referred on clients in...
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Feb 28, 2012
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she didn't favor ronald reagan for the very same reason she wouldn't favor any of the republican nominees, the social issues. >> purely an objectivist, if you've never read it, it at least opens your eyes to that side of things. if you immerse yourself in it. i think in your book you are sort of actually some of the bad things that happen in the last years of alan greenspan's tenure you're sort of, are you tying that to some of his advocacy of ayn rand's views? is. >> i think that he was very much influenced by greenspan throughout his career. a great deal more than he's willing to let on. >> you're talking about in the deregulation aspect. deregulation goes all the way back to jimmy carter. >> sure. >> larry summers. this was a bipartisan -- >> absolutely. no question about that. greenspan was the key player and i think to the extent he was pushing for regulation -- >> a positive or a negleative i his service? >> definitely a negative. >> i think that's from where you're sitting. i think greenspan has been a positive for the country. >> i think he was definitely not a positive. >> it was
she didn't favor ronald reagan for the very same reason she wouldn't favor any of the republican nominees, the social issues. >> purely an objectivist, if you've never read it, it at least opens your eyes to that side of things. if you immerse yourself in it. i think in your book you are sort of actually some of the bad things that happen in the last years of alan greenspan's tenure you're sort of, are you tying that to some of his advocacy of ayn rand's views? is. >> i think that...
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Sep 12, 2012
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. >> i'll tell you that ronald reagan did a lot better. we were in a severe crisis in the early '80s. interest rates at 21.5%. we had -- >> not -- >> we had a collapse in -- >> not even close. not even close. >> we had a depression in the agriculture sector, we had the ldc debt problems, we had 3,000 bank and thrift failures in the 1980s. and yet, we went -- we underwent the longest and strongest economic boom in history. because we followed the proper policies. >> i went through both, and the '80s were much tougher. how do you solve 12% unemployment? i mean 12% inflation? we have the lowest inflation we've ever had, we have the lowest interest rates we've ever had, and we can't get the engine going. >> look, i was 7 years old at the time. >> let me say, we've had lots of different economists and historians on, looked at the period who say that the financial crisis because it was a credit crisis was tougher. >> it was a crisis on all fronts. and it's one thing to be an economist and go back and read a book about it. it's another thing to l
. >> i'll tell you that ronald reagan did a lot better. we were in a severe crisis in the early '80s. interest rates at 21.5%. we had -- >> not -- >> we had a collapse in -- >> not even close. not even close. >> we had a depression in the agriculture sector, we had the ldc debt problems, we had 3,000 bank and thrift failures in the 1980s. and yet, we went -- we underwent the longest and strongest economic boom in history. because we followed the proper policies....
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Sep 10, 2012
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. >> exactly and everything that ronald reagan stood for in the 1980s went down the tubes in september 2008 when they bailed out wall street, when they came in with this t.a.r.p., which was an abomination, when they were unwilling to let morgan stanley go down the tubes which it should have because of the speculation it was doing and the irresponsible, reckless balance sheet that it had. >> if you can't fail you shouldn't succeed. >> that's exactly right, so we haven't even adressed any of that. we have simply said there were some great prices, we don't know where it came from, maybe an asteroid or meteor from outer space, but it's over and we're going to keep interest rates at zero for six years. go back to pre-1990, i was around quite a while. no one in 1990 would have thought keeping interest rates at zero for six years was anything but lunatic. >> the romney-ryan budget, some of the things you don't like about it, you hear that medicare is going to end as we know it and the republicans come back and say well wait a second, anyone who is over 55 won't be touched. that's what you don
. >> exactly and everything that ronald reagan stood for in the 1980s went down the tubes in september 2008 when they bailed out wall street, when they came in with this t.a.r.p., which was an abomination, when they were unwilling to let morgan stanley go down the tubes which it should have because of the speculation it was doing and the irresponsible, reckless balance sheet that it had. >> if you can't fail you shouldn't succeed. >> that's exactly right, so we haven't even...
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Oct 1, 2012
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remember this, ronald reagan ran for re-election and there were vague illusions to tax reform. did he layout a tax reform plan? he did not. they passed tax reform in 1986. so of course journalists will press for details because it is difficult to make plans up. we can't know precisely how the obama administration proposes to raise the top corporate rate to on 28%. we don't know how mitt romney proposes to lower the corporate rate to 20%, 25%, i forget which one, because they haven't identified the loopholes. >> but that's linchpin of the whole campaign is around taxes, is around lowering taxes and is around -- >> actually, it's not. actually, it's not because if you remember, andrew, in his convention speech, he didn't especially mention his individual tax cut. and he went out on the road last week and said by the way, i'm going to cut tax rates, but don't expect a big tax cut because i'm going to take away deductions. so romney in fact and i've talked to romney's strategists about this, they know that voters don't actually believe that you're going to have a big net tax cut fo
remember this, ronald reagan ran for re-election and there were vague illusions to tax reform. did he layout a tax reform plan? he did not. they passed tax reform in 1986. so of course journalists will press for details because it is difficult to make plans up. we can't know precisely how the obama administration proposes to raise the top corporate rate to on 28%. we don't know how mitt romney proposes to lower the corporate rate to 20%, 25%, i forget which one, because they haven't identified...